Would a 4-day work week save companies money?

The concept of the 4-day work week, where employees work fewer hours for the same pay and benefits, has been gaining popularity. But does it actually save companies money?

In a 2022 survey by the Scottish Trades Union Congress (STUC), 80% of Scottish workers expressed support for a 4-day work week without a reduction in pay, highlighting the growing demand for flexible working conditions. But what does the research say about whether the 4-day week would lead to cost savings for companies?

Benefits of a 4-day work week

Increased Productivity

Studies and recent pilot programmes, such as those in the UK, show that a 4-day work week can boost productivity. Companies involved in these trials have reported that employees are more focused and motivated, which translates to higher productivity despite fewer working hours.

Reduced Overhead Costs:

With fewer days spent in the office, companies can save on operational costs, including utilities, office supplies, and cleaning services. These savings can contribute significantly to a company’s bottom line, especially in large office environments.

Improved Employee Well-being:

Employees working fewer days often report better work-life balance, leading to improved mental health, fewer sick days, and lower turnover rates. This reduction in absenteeism and staff churn is another way the 4-day work week saves companies money.

Drawbacks and Challenges 

Implementation Costs:

While the benefits are clear, there are costs involved in making the shift. Companies may need to invest in new technology, employee training, or office reorganisation. However, many of these costs are one-off expenses and can pay off in the long term.

Client and Customer Expectations:

Companies that rely on constant customer support or deal with time-sensitive projects may find it challenging to maintain service levels. However, creative scheduling and maintaining flexibility can help mitigate this issue.

Coordination and Communication:

Ensuring that team members have coordinated schedules to ensure a seamless workflow can be tricky. However, advancements in communication tools and project management software have made this less of an obstacle.

So does, a 4-day work week save companies money?

Yes, in many cases! Transitioning to a 4-day work week can lead to significant savings, especially through enhanced productivity, reduced overhead costs, and improved employee retention. Companies that have piloted this model report that the benefits far outweigh the initial costs.

Considering a 4-day working week?

Although there are challenges, including initial implementation costs and the need to balance client expectations, the long-term financial benefits—including cost savings and happier employees—make it a compelling option for businesses looking to stay competitive and forward-thinking.

If you’re considering adopting a 4-day work week or want to explore job opportunities with more flexible work arrangements, search now on s1jobs!